Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2010 |
Head of Institution | Maluba Handahu-Wakung'uma |
Regions active | |
# Branches | 2 |
Total Portfolio (nat'l) | ZMK 3,373,101,754 |
Total Portfolio (USD) | USD 651,807.10 |
Active clients with loans | 4,950 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | |
Funders | Moringaway, Concern Worldwide |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.sarvodayanano.org |
Year established | 1996 |
Head of Institution | R. Asokkumar |
Regions active | Tamil Nadu |
# Branches | 92 |
Total Portfolio (nat'l) | INR 312,483,125 |
Total Portfolio (USD) | USD 5,895,908.02 |
Active clients with loans | 51,039 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
End of Term Loan | ZMK 400,000 - 1,500,000 | 6 - 12 | 40% - 60% | 0% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs | |||||||
Flexi 1 | ZMK 400,000 - 2,000,000 | 3 - 12 | 40% - 60% | 0% | Business | Women, Men | Credit Educ, Group Mtgs |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annapoorna | INR 10,000 - 15,000 | 4.6 | 80% - 100% | 0% - 20% | Business | Women, Men, Low HH Inc, Med HH Inc | Credit Educ |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
End of Term Loan | 60.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 7.0% upfront | 64.2% - 68.6% | 69.1% - 73.9% | 84 | ||||||||
Flexi 1 | 66.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.0% upfront | 76% - 79.1% | 91% - 95.2% | 70 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annapoorna | 25.7% - 26.8% | 31% - 32.4% | 31.7% - 33.1% | Yes | Info awaited | NA | 98 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annapoorna | 25.7% annual, Decl Bal | 1 Fee | 0 | 12.36% fees | N/A | 31% - 32.4% | 31.7% - 33.1% | 79 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
End of Term Loan | 60.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 7.0% upfront | 64.2% - 68.6% | 69.1% - 73.9% | 84 | ||||||||
Flexi 1 | 66.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 10.0% upfront | 76% - 79.1% | 91% - 95.2% | 70 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annapoorna | 25.7% - 26.8% | 31% - 32.4% | 31.7% - 33.1% | Yes | Info awaited | NA | 98 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annapoorna | 25.7% annual, Decl Bal | 1 Fee | 0 | 12.36% fees | N/A | 31% - 32.4% | 31.7% - 33.1% | 79 |
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